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FaithLife Financial sustains financial strength in 2010

WATERLOO, ON, May 6 /CNW/ - FaithLife Financial experienced very strong
financial performance in 2010. Despite the challenges of continuing
globalfinancial instability and uncertainty, the organization grew its
business in several key areas. Total assets under administration grew
to $606 million. Surplus increased by 8.5% to $39.6 million, and over
$1.7 million in net income was generated which will help fund future
growth. Total revenue approached $47.5 million and investment funds
increased significantly compared to 2009, as capital markets advanced,
according to the organization's recently released Annual Report to Members.

We did well financially … and helped build a better world
Together with our members' contributions, we significantly increased our
total charitable impact for causes our members care about - locally,
nationally and globally - to over $2.8 million, which is an all-time
record. Charitable impact comprises the value of special benefits for
FaithLife Financial members and the Christian community, as well as
disaster relief aid, charitable gifts, volunteer fundraising and the
value of volunteer time.

The organization continued to nurture partnerships with several major
Christian organizations. It also expanded distribution channels in
order to enhance services and expand membership in Canada and beyond.
"By leveraging our success in 2010, we will grow our business into the
future, so that we can sustain our financial strength and multiply the
good works of FaithLife Financial members," said President Karen
Bjerland.

Sheryl Teed Callum joins Board of Directors
At the organization's Annual Meeting in February 2011, Sheryl Teed
Callum joined the Board of Directors. A recently retired partner of
Ernst & Young LLP, Sheryl is a Chartered Accountant with her CFA
designation. Her primary focus during her 35-year career was financial
services of all descriptions. Her passion is working with
not-for-profit organizations.

About FaithLife Financial
FaithLife Financial is a Christian, not-for-profit, member-based
financial services organization that provides insurance and investment
solutions for more than 33,000 Christian members in Canada. The
organization reinvests a portion of its earnings in programs that
support members, their congregations and communities, as well as people
in need worldwide. Its mission is to help Canadian Christians protect
their financial future, live their Christian values and build a better
world. FaithLife Financial operates in British Columbia, Alberta,
Saskatchewan, Manitoba, Ontario, Nova Scotia and Prince Edward Island.